Consolidation accounting involves the following. a. set-off assets and liabilities and recognise a single net investment in each subsidiary. O b. line-by-line aggregation of the items included in financial statements. C. combine the cash balances of the separate entities into one-line and aggregate the remaining net assets into one item. O d. combine all assets and liabilities into one net assets item and combine all profits and losses into one profit or loss item
Consolidation accounting involves the following. a. set-off assets and liabilities and recognise a single net investment in each subsidiary. O b. line-by-line aggregation of the items included in financial statements. C. combine the cash balances of the separate entities into one-line and aggregate the remaining net assets into one item. O d. combine all assets and liabilities into one net assets item and combine all profits and losses into one profit or loss item
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Consolidation accounting involves the following.
a. set-off assets and liabilities and recognise a single net investment in each subsidiary.
O b.
line-by-line aggregation of the items included in financial statements.
C.
combine the cash balances of the separate entities into one-line and aggregate the remaining net
assets into one item.
O d. combine all assets and liabilities into one net assets item and combine all profits and losses into one
profit or loss item
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